India was 77th among 190 countries in the previous ranking
The annual World Bank's Doing Business 2020 report is expected to be released tomorrow.
India needs many SMEs, each of whom may not individually hire many people, but collectively, they can provide a quantum of productive employment
Obedience of court rulings vital for ease of doing business
While the World Bank's ranking rests on ease of doing business in Mumbai and Delhi, the DPIIT's is based on reforms done in states
Kant highlighted that tourism, alcohol-beverages and sugar industries have the potential to generate jobs and fuel India's growth story
Taxpayers would benefit from certainty in the assessment matters
The minister also said that under his leadership, the government has already reduced the number of days of granting environmental approvals from 640 days to 108 days
Good move, but a more holistic approach needed
The participation of women in the economy must increase and the country cannot grow without bringing the large women population into the workforce, CEO Kant said
In 2018, UP was placed 12th behind top ranked Andhra Pradesh, Telangana
Merely focusing on specific marque indices alone cannot ensure a desired outcome
Over the last few years, India has registered a steady improvement in Ease Of Doing Business across indicators
As per the draft policy, ministries and departments will be told to assess whether licensing should be scrapped and replaced with a simple registration process
Regulatory hassles, high import tariffs are a disincentive, they say
Entrepreneurs now require fewer mandays, fewer documents and fewer trees annually to start a business
PM Modi said his government is focused on removing the barriers which were preventing the country from achieving its potential
Implementation of Goods and Services Tax and measures of simplification and consolidation of taxes have reduced transaction costs and made processes efficient, he said
Country is ahead of China, Vietnam and Bangladesh on construction permits, trading across borders and starting a business, but certain painful procedures in the metro haven't been eased yet
The US continues to have the largest presence on the elite list with 132 firms, followed by China at 109